PLANO (AP) — J.C. Penney is reporting a loss of $62 million in its fiscal second quarter.
The Plano-based company had a loss of 20 cents per share.
Losses, adjusted for one-time gains and costs, came to 9 cents per share, which is 3 cents short of Wall Street expectations, according to a survey by Zacks Investment Research.
The department store posted revenue of $2.96 billion in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $2.87 billion.
J.C. Penney Co. expects full-year earnings in the range of 40 to 65 cents per share.
(© Copyright 2017 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
from Tumblr http://ift.tt/2wOET8H